The thing that’s hard to understand here is that Doerr never actually had an official observer seat to begin with, so there was nothing to “lose” per se. After Doerr, Wilson and Sabet stopped attending meetings, the remaining seats were stripped of their VC affiliations and became “independent directors,” said a source familiar with the matter with knowledge of what transpired.

What I’m assuming this means is that non-staff board members like Mike McCue, who was appointed to the board by a joint KPCB and Twitter decision, is no longer the venture firm’s eyes and ears. I have no idea how this concept applies to Benchmark VC Peter Fenton’s position, as Benchmark is still very clearly invested in Twitter.

According to multiple sources, the board streamlining happened because “everyone agreed it was for the good of the company,” — A statement which granted has many interpretations, including some very interesting ones when juxtaposed against past reporting. The speculation that the board will be adding another member and more specifically a woman soon is just speculation we’re hearing.

Twitter confirmed the new board arrangement with us via the following statement, “Twitter’s board of directors currently has seven members. In addition to Dick, Ev and Jack, who serves as chairman, the board includes four independent directors: Peter Fenton from Benchmark Capital, Flipboard CEO Mike McCue, former DoubleClick executive David Rosenblatt and Peter Currie of Currie Capital.”

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OverviewTwitter is a global social networking platform that allows its users to send and read 140-character messages known as “tweets”. It enables registered users to read and post their tweets through the web, short message service (SMS), and mobile applications.
As a global real-time communications platform, Twitter has more than 400 million monthly visitors and 255 million monthly active users around …